Automatic Data Processing with ticker code (ADP) now have 16 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 240 and 174 and has a mean target at 216.82. With the stocks previous close at 200.22 this indicates there is a potential upside of 8.3%. The day 50 moving average is 220.79 and the 200 moving average now moves to 212.61. The company has a market capitalisation of $85,840m. Visit the company website at: https://www.adp.com
The potential market cap would be $92,957m based on the market concensus.
Automatic Data Processing provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
